Alamos Gold Unveils $12.2 Billion Island Gold District Expansion to Boost Production

Reuters02-04

Alamos Gold Unveils $12.2 Billion Island Gold District Expansion to Boost Production

Alamos Gold Inc. has announced a major expansion of its Island Gold District operation in Ontario, Canada, increasing processing capacity to 20,000 tonnes per day. This expansion includes a 30% increase in mineral reserves and a significant upgrade to the Magino mill, enabling it to process 3,000 tpd of high-grade underground ore and 17,000 tpd from the open pit. The project incorporates new gold recovery facilities and additional milling infrastructure, supporting higher production and making the Island Gold District one of Canada’s largest and lowest-cost gold mines. The expansion is projected to deliver an after-tax NPV of $12.2 billion at a gold price of $4,500 per ounce. Key elements of the project have already been de-risked, with major permits and construction milestones achieved.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Alamos Gold Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW9648448-en) on February 04, 2026, and is solely responsible for the information contained therein.

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